Lokata SuperDuet

Product description

SuperDuet is an exceptionally attractive blend of a high-interest rate term deposit with a mutual fund. 

You can open a SuperDuet Deposit starting from already PLN 2000 with the following structure:

• 50% of the money goes to a 3-, 6- or 12-months deposit,
• 50% of the money is invested in a selected Millennium OIF subfund:

• Deposit Subfund
• Stable Growth Subfund
• Balanced Subfund
• Equities Subfund
• Dynamic Caps Subfund

Product is also available by Millenet.

Investing in the Fund involves risk of incurring a loss. The Fund does not guarantee reaching the investment objective or a specified investment result. Due to the composition of the investment portfolio the value of net assets of the Fund and the value of its participation units are highly volatile.

The net individual rate of return for a Fund participant depends on the date of purchase and date of redemption of participation units as well as paid administrative charges and collected income tax. Information about the Fund, including a description of risk factors, is contained in the information prospectus and its abstract, which are available in branches of Bank Millennium S.A., in the offices of Millennium TFI S.A., at ul. Stanisława Żaryna 2A in Warsaw as well as online at http://www.millenniumtfi.pl/en. The Fund may invest above 35% of the value of its assets in securities, which were issued by: the State Treasury, NBP, an EU member State, a local authority of an EU Member State, a state belonging to OECD or an international financial institution, which Poland or at least one EU Member State is member of.

Benefits

You decide

• how long the deposit term will be
• in which of the available Millennium FIO subfunds will your money be invested

You can choose a subfund depending on the expected yield, investment duration and willingness to accept periodic fluctuation of stock prices.

Main benefits:

• An exceptionally attractive interest rate on the deposit, even up to 7% per annum on 12-month deposit,
• flexibility - you can switch freely between the subfunds during validity of SuperDuet without capital gains tax (the tax is charged only when participation units are redeemed),
• no fees for subfunds conversion,
• liquidity - money can be withdrawn from the fund at any time without charges.

Allocation:	Subfund name	3 months	6 months	12 months
50% deposit + 50% subfund	Stable Growth Balanced Equity Dynamic Caps	6%	6,25%	7%
50% deposit + 50% subfund	Deposit	-	-	5,25%

If redemption of investment unit will take place before maturity of time deposit connected with those funds, interest rates on time deposit will be decreased to level 4,00% for all period of deposit.

Service channels

You can open a Lokata SuperDuet deposit in each Bank Millennium branch and via Millenet.

How to open a Lokata SuperDuet deposit in Millenet?

• Logon to Millenet,
• Select the option Term Deposits/New SuperDuet,
• Enter the amount and select type of deposit, also select type of subfund and click on the button Accept,
• Confirm deposit details on the next screen by selecting Submit,
• SuperDuet is now open!